Cadeler (ADR) (CDLR)
Deploys specialised vessels to install offshore wind turbines and foundations.
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Deploys specialised jack-up vessels for offshore-wind turbine and foundation transport and installation, maintenance, and decommissioning. A single reportable segment serves projects globally, with operations and maintenance expanding through Nexra.
Deploys specialised jack-up vessels to transport and install offshore wind turbine generators and foundations. The fleet also supports maintenance and decommissioning work, making project execution at sea its core activity. This work serves global projects.
Operations are organised as one reportable segment and serve a global market, with vessels redeployed across regions. The business has expanded from turbine installation into full-scope foundation transport and installation and operations and maintenance through Nexra.
Revenue depends on deploying the fleet on transport and installation work. Offshore-industry laws, regulations, permits, certificates, and approvals can require operational changes.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $235.9M · Total debt $1.83B · Total assets $4.05B · Shareholders' equity $2.03B
- Revenue
- $328.9M
- Operating income
- $132.0M
- Net income
- $110.4M
Reported in EUR, converted at the latest exchange rate
No dividends on record.
| Institutions | 3.54% | 3.11M ADS | |
|---|---|---|---|
| 60 holders · as of Jun 30, 2026 | |||
| Insiders | 5.33% | 4.68M ADS | |
| 1 holder · as of Feb 7, 2025 | |||
| Strategic holders | 36.05% | 31.63M ADS | |
| 2 holders · as of Mar 31, 2026 | |||
| Other | 55.08% | 48.33M ADS | |
| remainder | |||
87.74M ADS (1 ADS = 4 ordinary shares) as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (87.74M in the company's Sep 22, 2026 report, 96.47M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BW Altor Pte. Ltd.Strategic | 31.06% | 27.25M | filed Mar 31, 2026 |
Nordea Investment Management ABInstitution | 5.69% | 5.00M | filed Jan 29, 2026 |
FolketrygdfondetInsider | 5.33% | 4.68M | filed Feb 7, 2025 |
Swire Pacific LimitedStrategic | 4.99% | 4.38M | filed Jun 20, 2024 |
Condire Management, LPInstitution | 0.62% | 539,983 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
Not reported.